2 ms·
Good observation. I wondered why the word ‘inflation’ wasn’t in the title, or a major section heading. Inflation seems to be so much higher than the official n
by mark_l_watson 7y ago
Good observation. I wondered why the word ‘inflation’ wasn’t in the title, or a major section heading.
Inflation seems to be so much higher than the official numbers. Admitting the real inflation rate would cause problems for the government so they don’t admit it.
I made a nice salad for dinner the other night and joked with my wife that two basic dinner salads might cost $30 in a restaurant now. Then I realized that it was not really a joke, that restaurant prices have gone way up, and a friend who owns a large restaurant told be that food and other operating costs are causing problems for his business.
The real crisis will come when the real purchasing power of pensions, 401K disbursements, and social security stop being anywhere near enough for a decent life.